Stifel lowered the firm’s price target on Instacart (CART) to $45 from $46 and keeps a Buy rating on the shares following “healthy” Q1 results. Sifel is encouraged by some of the green shoots shown, and the firm told investors that it continues to like the company long-term as those efforts sprout into continued category leadership. Stifel added that it tweaked its estimates for Instacart.
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